Compass Point Upgrades CYS Investments (CYS), Hatteras (HTS) & ARMOUR Residential (ARR) to Buy

Compass Point analyst Jason Stewart upgraded mortgage REITs CYS Investments (NYSE: CYS), Hatteras Financial (NYSE: HTS) and ARMOUR Residential REIT (NYSE: ARR) from Neutral to Buy today with price targets of $10, $22.50 and $5, respectively.

Stewart commented, "The outlook for Agency focused mortgage REITs (mREITs) remains mixed. Historically inexpensive valuations and the potential for an improving earnings outlook balance against an interest rate and MBS spread environment biased higher and wider to produce a neutral risk versus reward for the sector. However, we see a positively skewed risk/reward for shorter duration Agency mREIT investors and upgrade CYS, HTS and ARR to Buy from Neutral."

For an analyst ratings summary and ratings history on CYS Investments click here. For more ratings news on CYS Investments click here.

Shares of CYS Investments closed at $9.12 yesterday.

You May Also Be Interested In

• Visa (V) stock rises as Q2 earnings, revenue come ahead of estimates
• Steel Dynamics (STLD) Tops Q1 EPS by 16c
• Renasant Corp. (RNST) Tops Q1 EPS by 3c